Moody’s Upgrades Benin’s Sovereign Credit Rating to Ba3

Benin · FINANCE

Key Facts

—The upgrade: Moody’s lifted Benin’s sovereign rating from B1 to Ba3 on 7 August 2026, with a stable outlook — three notches below investment grade, in the top speculative-grade (Ba) band.

—Rating trajectory: Moody’s raised Benin from B2 to B1 in March 2021 and held it there until this single-notch move to Ba3 in August 2026.

—Growth backdrop: Benin’s economy grew 8.1 percent in 2025, its fastest pace since 1990, with Moody’s projecting 6.5 to 7 percent a year through 2030.

Moody’s Upgrades Benin’s Sovereign Credit Rating to Ba3

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